Which of the following statements with regard to group term life insurance is CORRECT?
A) Most group term policies contain a conversion privilege, allowing insureds to convert the coverage to an individual plan if they leave the group.
B) Premiums paid by the employer are tax deductible by the employer and taxable to the employee.
C) Group insurance plans must be noncontributory.
D) Since group term coverage is an employee benefit, employers can select which employees will be covered.
Ans: A) Most group term policies contain a conversion privilege, allowing insureds to convert the coverage to an individual plan if they leave the group.
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A broker found a ready willing and able buyer to purchase seller bonds house at the listing terms before agreeing to the sale seller bond introduced a new restriction stating that the sale could only be completed if the buyer agreed not to build a tennis court on the property the buyer refused and withdrew from the negotiations is the broker entitled to a commission
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